Why is Northern ARC falling/rising?

As of 14-Jul, Northern ARC Capital Ltd's stock price is currently at 252.05, reflecting an increase of 4.5, or 1.82%. The stock has shown strong performance recently, with a 1-week return of +1.63% and a 1-month return of +12.22%, significantly outperforming the Sensex, which has seen a decline of -1.42% over the same week and a modest gain of +1.40% over the month. Today's trading saw the stock reach an intraday high of Rs 254, indicating positive momentum. However, there has been a decline in investor participation, with delivery volume dropping by -35.08% compared to the 5-day average, which could suggest a potential concern for future trading activity. The stock's fundamentals remain strong, with a 38.10% CAGR growth in net sales and a healthy return on equity of 10.5, contributing to its attractive valuation.
In the broader market context, Northern ARC's recent performance contrasts sharply with the Sensex, which has only gained +5.27% year-to-date compared to the stock's impressive +15.97% increase. This outperformance can be attributed to high institutional holdings at 27.75%, indicating confidence from more knowledgeable investors. Despite the recent rise, the stock's moving averages indicate a mixed picture, being higher than longer-term averages but lower than the 5-day average, which may reflect short-term volatility. Overall, the combination of strong fundamentals and recent price movements suggests a positive outlook for Northern ARC, even as it navigates fluctuations in investor participation.